United States: Nvidia beat Wall Street expectations for sales and earnings in the latest quarter, records revenue of $26 billion.

May 20, 2024 | Posted by Abdul-Rahman Oladimeji

GPU designer Nvidia beat Wall Street expectations for sales and earnings in the latest quarter, with record revenue of $26 billion.

"The next industrial revolution has begun — companies and countries are partnering with Nvidia to shift the trillion-dollar traditional data centers to accelerated computing and build a new type of data center — AI factories — to produce a new commodity: artificial intelligence,” said Jensen Huang, Nvidia's founder and CEO.

“Our data center growth was fueled by strong and accelerating demand for generative AI training and inference on the Hopper platform. Beyond cloud service providers, generative AI has expanded to consumer Internet companies, and enterprise, sovereign AI, automotive and healthcare customers, creating multiple multibillion-dollar vertical markets."




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